cut-price
adjective [ before noun ]
uk/ˈkʌtˌpraɪs/ us(also cut-rate)costing less than the usual price:
cut-price bids/deals/offers
cut-price cars/holidays/mortgages
selling goods and services at less than the usual price:
a cut-price airline/operator/retailer
The City remains nervous about cut-price competition from supermarkets.